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Lockheed, ACS Reach Deal
To Swap IT Businesses

Lockheed Martin Corp. and Affiliated Computer Services Inc. agreed to swap information-technology outsourcing units to each other in a deal that will end up netting ACS $551 million.

The transaction will allow ACS, of Dallas, to concentrate on the lucrative market for outsourcing corporate business processes, while Lockheed will focus its efforts on civilian government agencies and the Defense Department. Talks on the deal had been reported by The Wall Street Journal earlier in the week.